Work out labour budget instantly with clear inputs, formula shown and shareable results.
A labour budget is salaries grossed up by the benefits load — employer taxes, pension, insurance, leave — plus contingent labour. The fully loaded cost per FTE is the number to use in any make-or-buy, outsourcing or business-case comparison.
Loaded employee cost
Loaded = Headcount x Average salary x (1 + Benefits load %)
Total budget
Total = Loaded employee cost + Contractor spend
20-35% in most jurisdictions, higher where social insurance contributions are large or where defined-benefit pensions apply.
Yes for capacity planning. Divide contractor spend by the loaded cost per FTE to see how much establishment it represents.